After making the login follow this process
Challans are the prescribed forms used for making tax payments. Different challans have been prescribed depending upon the nature of tax payments. For eg
For making payment of taxes a prescribed document known as challan needs to be filled. It is available at
And the payment can be made either
For making the online payment one needs to have net banking or debit cards of the authorized banks.
You can submit the hard copies of challan together with the amount payable at physical bank counters.
Following things should be taken care of while filling up the challan such as
To view the challan on TRACES you need to
The results will appear. Also, any unused balance available will be shown against the challan details it belongs to.
Claimed: An amount in challan which has been shown in TDS return by the tax filer and is successfully matched with the bank payment details is known as claimed.
Unclaimed: Any bank payments which have not yet been claimed in the return are known as unclaimed challan.
It is a table showing the various transaction when a specific challan was claimed/consumed. The following information can be extracted from this table of challan consumption
|Challan Consumption Table||Status of Challan|
|Amount Claimed = Challan Balance available||Fully Consumed|
|Amount Claimed < Challan Balance available||Partially Consumed|
|Amount Claimed = 0||Matched|
|Amount Claimed > Challan Balance available||Over Booked|
By providing the
Deductor can view particulars of all the challans that have been used in the TDS return/statement for the period.
No communication to Jurisdictional Assessing Officer is required to be made in case of wrong selection of section code by the tax depositor. The CPC-TDS considers the nature of payment on the basis of TDS returns and not on the basis of challan particulars.
Even if you so wish to amend the details of challan it is suggested to file a correction statement through OLTAS.
Yes, a single challan can be filed for TDS payments to be made under different section codes. The nature of payment in a challan can have multiple selections.
At the time of filling up challan for payment of TDS i.e. challan number 281 select Minor head – 400.
A deductee row can be moved from one challan to other within a quarter if, the balance is available. In case the challan is not available in the same quarter or return, changes in respect of the same are first required to be done. After that deductee rows can be moved from one challan i.e. overbooked challan to another challan.
OLTAS or Online Tax Accounting System is the initiative of the Income Tax Department. It was mainly done to keep a record of taxes paid through the uploading of challan details.
To check the list of authorized banks you are required to first visit www.Tin-nsdl.com. Now under the services tab select OLTAS. Further, select the icon of bank branches. A page will open up click on the state and select the location for which you want to check available bank branches. A list of all authorized banks in the region will open up.
The authorized bank will put stamp as a token of acknowledgment of the tax amount on challan. You should take two copies of the printed challan and get both acknowledged to be preserved for future reference. The rubber stamp affixed indicates unique CIN. CIN is a 20 digit number. It comprises
CIN is unique through the country and hence is used for identification purposes of the challan.
You can get the list of all challans on TIN NSDL.. Broadly,
Complete guide covering all the basic tax related terms. So, that tax terms will not work as a road-stopper in your way!!
Comprehensive Guide containing all Information that you must know while filing of your ITR for FY 2018-19 (AY 2019-20).
Free Income Tax Calculator for Assessment Year (AY) 2018-2019 and AY 2017-2018 with new budget changes.
Calculate HRA exemption based on your salary for AY 2018-19. Make accurate calculations of HRA for employees.
Hire smartest eCA's to File Your Income Tax Return. CA Assisted Filing of ITR. File your Income Tax Return with confidence and ease.
Tax2win is an efiling portal to prepare and efile income tax return Online. Tax2win helps individuals to file their income tax return.